Realogy suing Compass for unfair business practices, illegal schemes

Realogy Holdings, the nation’s largest real estate brokerage, filed a bombshell lawsuit Wednesday against its Soft Bank-backed rival, Compass, accusing it of unfair business practices and illegal schemes. The complaint alleges that Compass’ business model is founded on “misappropriating, by whatever means necessary, the assets, confidential business information, trade secrets, contracts, talent, and strategies of its competitors.”